Annum Bhd (KL:ANNUM) said it has been awarded a sub-contract worth RM53.2 million by Iqzan Holding Bhd (KL:IQZAN) to supply material, labour and machinery for the construction of an office building in Jalan Tun HS Lee.
Integrated construction and property company PTT Synergy Group Bhd (KL:PTT) is disposing of two units of three-storey detached factories in Sepang, Selangor, to MCM Land Sdn Bhd for RM26 million.
Loss-making MUI Properties Bhd (KL:MUIPROP), in which Malayan United Industries Bhd (KL:MUIIND) owns a 23.48% stake, is selling 53 acres of freehold land in Port Dickson, Negeri Sembilan, for RM80.8 million cash.
Azam Jaya Bhd, a Sabah-based construction company, filed for an initial public offering (IPO) on the Main Market of Bursa Malaysia to raise funds to buy equipment and free up working capital to pursue larger projects.
Econpile Holdings Bhd (KL:ECONBHD) has secured a RM26.5 million contract to undertake piling, earthworks and sub-structure works for a 40-storey condominium project in Mont Kiara.
Noteworthy:
When: May 2024
The new office will offer a wide range of services, including residential and commercial property sales and leasing, property management, transactions, valuation and advisory services.
RHB Investment Bank favours Kerjaya Prospek Group Bhd (KL:KERJAYA) for its attractive dividend yield of 5% estimated for the financial year ending Dec 31, 2025, alongside a steady profit after tax margin.
Wawasan Dengkil Holdings Bhd, a construction services company, filed for an initial public offering (IPO) on the ACE Market to raise funds to buy equipment, and to finance project working capital.
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